Coughlans Flowers
Unadjusted trial Balance
December 31, 2017
			Dr.	Cr.
Cash			$125,600
Investments Accounts receivable, 12/31/16			300,000 116,200
Allowance for doubtful accounts, 12/31/16				$20,000
Inventory, 12/31/16			62,000
Furniture and Fixtures			118,200
Accumulated depreciation, Furniture & Fixtures 12/31/16				32,400
Accounts payable, 12/31/16				42,000
Capital stock, $10 par value				50,000
Retained earnings, 12/31/16				242,000
Sales				1,549,100
Notes payable 4%, due 3/31/18				200,000
Purchases			906,600
Fencing expense			80,000
Salaries expense			262,000
Income tax expense			45,000
Interest expense				6,000
Insurance expense			34,100
Rent expense			34,200
Utilities expense			12,600
Freight in			15,000
Freight out			17,000
Travel expense			13,000
TOTALS			$2,141,500	$2,141,500

What is the adjusting entry?Coughlans has made estimated tax payments of $15,000 per quarter for the first three quarters of 2016. Coughlans tax rate is 35% of pretax income.